During this pandemic time, what can we do to increase our cash flow? Appreciate your suggestions/comments.
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- Renegotiate your commercial lease - everyone else has already done it. Some received several months of free rent, some halved their rent indefinitely, some negotiated a % of revenue rent payment.
- Renegotiate vendor terms - ask for installment payments or longer payment terms.
- Ask customers to pay you early for a small discount like 1%. A discount is less costly than having to borrow money from a lender.
1 Reply
Celia Cheng, CPA
from L K CELIA CHENG TAX AND CONSULTING PLLC
Thank you for your response!
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